Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Subtitle 1 - Economic Development Revenue Bond Act
Section 12-101 - Definitions - (a) In this subtitle the following words have the meanings...
Section 12-102 - Construction and Effect of Subtitle - (a) This subtitle shall be liberally construed to accomplish its...
Section 12-103 - Legislative Findings; Purposes of Subtitle - (a) The General Assembly finds that: (1) conditions of unemployment...
Section 12-104 - State Policy - It is the policy of the State to allow the...
Section 12-105 - Industrial Development Authorities -- in General - (a) To accomplish one or more of the legislative purposes...
Section 12-106 - Industrial Development Authorities -- Board of Directors - (a) (1) Subject to paragraph (4) of this subsection, the...
Section 12-107 - Administration - (a) The board of directors of an authority shall govern...
Section 12-108 - Benefit of Net Earnings - Except as necessary to pay debt service or implement the...
Section 12-109 - Powers of Authority, County, and Municipal Corporation - (a) (1) Except as limited by its articles of incorporation,...
Section 12-110 - Bonds - (a) Notwithstanding any limitation of law, a public body may...
Section 12-111 - Authorizing Resolution - (a) For each issue of its bonds, the legislative body...
Section 12-112 - Manner and Price of Sale of Bonds; Applicability of Local Government Article - (a) (1) Bonds shall be sold in the manner, at...
Section 12-113 - Payment of Bonds - (a) (1) A bond and the interest on a bond...
Section 12-114 - Conclusive Presumption of Finding by Public Body - A finding by the legislative body of a county or...
Section 12-115 - Alternative Procedures for Bond Issuance - Instead of the procedures under this subtitle, a municipal corporation,...
Section 12-116 - Tax Status - The principal of and interest on bonds, the transfer of...
Section 12-117 - Lease or Contract as Security for Bond - (a) This section applies to a lease or contract under...
Section 12-118 - Short Title - This subtitle may be cited as the Maryland Economic Development...
Subtitle 2 - Tax Increment Financing Act
Section 12-201 - Definitions - (a) In this subtitle the following words have the meanings...
Section 12-202 - Construction and Application of Subtitle - (a) (1) This subtitle is self-executing. (2) A political subdivision...
Section 12-203 - District Designations - (a) Before issuing bonds, the governing body of the political...
Section 12-204 - Bonds -- Authorized - (a) Notwithstanding any limitation of law, an issuer may issue...
Section 12-205 - Conditions of Issuance - (a) A bond: (1) may be in bearer form; (2)...
Section 12-206 - Payment of Bonds - (a) Bonds shall be payable from the special fund established...
Section 12-207 - Application of Proceeds - (a) Except as provided in subsections (b) and (e) of...
Section 12-208 - Special Fund -- in General - (a) The governing body of a political subdivision may adopt...
Section 12-209 - Special Fund -- Uses - (a) Subject to subsection (c) of this section, the special...
Section 12-210 - Special Fund -- Pledge of Other Tax Revenue - (a) (1) Subject to paragraph (2) of this subsection, the...
Section 12-211 - Tax Status - (a) The principal amount of bonds, interest payable on bonds,...
Section 12-212 - Eminent Domain - This subtitle does not authorize a county or a municipal...
Section 12-213 - Short Title - This subtitle may be cited as the Tax Increment Financing...
Subtitle 3 - Redevelopment Bonds
Section 12-301 - Definitions - (a) In this subtitle the following words have the meanings...
Section 12-302 - Ordinance or Resolution - (a) To issue a bond, a political subdivision shall adopt...
Section 12-303 - Designation of Blighted Area - (a) Before a political subdivision issues a bond, the political...
Section 12-304 - Authority to Issue Bonds - (a) The General Assembly intends that general obligation debt may...
Section 12-305 - Security for Bonds - (a) Except as provided in subsection (b) of this section,...
Section 12-306 - Allowable Expenditures - (a) The ordinance or resolution described in § 12-308 of...
Section 12-307 - Agreements Between Political Subdivisions - (a) By written agreement with the issuer of a bond,...
Section 12-308 - Conditions of Issuance - (a) A bond: (1) may be in bearer form; (2)...
Section 12-309 - Tax Status - (a) A bond, the transfer of a bond, the interest...
Section 12-310 - Findings Conclusive - For purposes of an action involving the validity or enforceability...
Section 12-311 - Eminent Domain - This subtitle does not authorize a political subdivision to acquire...
Section 12-312 - Short Title - This subtitle may be cited as the Redevelopment Bond Act.
Subtitle 4 - Business Improvement Districts
Section 12-401 - Definitions - (a) In this subtitle the following words have the meanings...
Section 12-402 - Legislative Purposes - The legislative purposes of this subtitle are to: (1) provide...
Section 12-402.1 - Subtitle Inapplicable in Montgomery County - This subtitle does not apply in Montgomery County.
Section 12-403 - Adoption of Local Law to Create Business Improvement District - (a) Subject to a public hearing under § 12–408 of...
Section 12-404 - Board of Directors - (a) A board of directors shall govern the district corporation....
Section 12-405 - Use of Net Earnings - The net earnings of a district corporation may benefit only...
Section 12-406 - Powers - (a) (1) Except as limited by its articles of incorporation,...
Section 12-407 - Documentation Required by Owners Seeking to Establish District - (a) The owners of nonexempt property who seek to establish...
Section 12-408 - Requirements for Hearing; Authorization of District - (a) At least 21 days before the public hearing, the...
Section 12-409 - Taxation - (a) Within 10 days after the authorization by the governing...
Section 12-410 - Expansion of Geographic Area of District - An established district may expand the geographic area of the...
Section 12-411 - Review and Approval of Continuing District - (a) The governing body of a county or municipal corporation...
Subtitle 5 - Montgomery County Equity Investments in Companies Located in the County
Section 12-501 - Equity Investments - (a) Notwithstanding any other provision of law, Montgomery County may...
Subtitle 6 - Montgomery County -- Business Improvement Districts
Section 12-601 - Definitions - (a) In this subtitle the following words have the meanings...
Section 12-602 - Legislative Purposes - The legislative purposes of this subtitle are to: (1) provide...
Section 12-603 - Applicability - This subtitle applies only in Montgomery County.
Section 12-604 - Creation of Business Improvement District - (a) Subject to a public hearing under § 12–609 of...
Section 12-605 - Board of Directors - (a) A board of directors shall govern the district corporation....
Section 12-606 - Net Earnings - The net earnings of a district corporation may benefit only...
Section 12-607 - Powers - (a) (1) Except as limited by its articles of incorporation,...
Section 12-608 - Application to Establish District Corporation - (a) The owners of nonexempt property who seek to establish...
Section 12-609 - Public Hearing - (a) At least 21 days before the public hearing, the...
Section 12-610 - Business Improvement District Tax - (a) Within 10 days after the authorization of the district...
Section 12-611 - Expansion of District - (a) An established district may expand the geographic area of...
Section 12-612 - Review and Determination of Continuance of District - (a) The governing body of the county or a municipal...
Subtitle 7 - Baltimore City -- West North Avenue Development Authority
Section 12-701 - Definitions [Subtitle Subject to Abrogation] - // EFFECTIVE UNTIL SEPTEMBER 30, 2026 PER CHAPTERS 80 AND...
Section 12-702 - West North Avenue Development Authority [Subtitle Subject to Abrogation] - // EFFECTIVE UNTIL SEPTEMBER 30, 2026 PER CHAPTERS 80 AND...
Section 12-703 - Authority Members -- Chair [Subtitle Subject to Abrogation] - // EFFECTIVE UNTIL SEPTEMBER 30, 2026 PER CHAPTERS 80 AND...
Section 12-704 - Appropriated Funds -- Donated Services -- Staff and Consultants [Subtitle Subject to Abrogation] - // EFFECTIVE UNTIL SEPTEMBER 30, 2026 PER CHAPTERS 80 AND...
Section 12-705 - Compensation and Reimbursement [Subtitle Subject to Abrogation] - // EFFECTIVE UNTIL SEPTEMBER 30, 2026 PER CHAPTERS 80 AND...
Section 12-706 - Authority Duties -- Modification of Boundaries -- Report on Strategy [Subtitle Subject to Abrogation] - // EFFECTIVE UNTIL SEPTEMBER 30, 2026 PER CHAPTERS 80 AND...